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A price boom in recent years has made Maine's elver fishery highly profitable, with prices reaching as high as $2,000 per pound for the tiny baby eels, which are shipped to Asia for grow-out.
Gov. Paul LePage announced Tuesday several cabinet-level nominations, including commissioners for the departments of Education and Environmental Protection and adjutant general.
The strong U.S. dollar and softer economy in Europe are driving down lobster sales this Christmas, when the tasty crustaceans are being seen as an unaffordable luxury, according to the Associated Press.
Lobstering is big business in Maine, with the value of landings totaling $457 million last year and a wider economic impact estimated at more than $1 billion.
Federal regulators have canceled commercial shrimp fishing in the Gulf of Maine for a third winter in a row due to continuingly depleted populations.
Maine's seaweed harvesters collected 17.7 million pounds of seaweed in 2014, setting a new state record and quadrupling the amount collected in 2014.
The Maine Department of Marine Resources approved an application to grow oysters on a 3.36-acre lease site in Bar Harbor.
Front Street Shipyard's opening in Belfast four years ago and subsequent growth helped the city land a $1.9 million federal grant to pay for about half the cost of a road reconstruction project on Front Street.
The pipeline that has been sending crude oil from Portland Harbor to Montreal for nearly 75 years may become obsolete by the start of 2016 due to the upcoming completion of a major pipeline reversal project in Canada.
A recent report from the Harvard Kennedy School suggests that more cooperation is needed to grow Maine's food industry, create new jobs and generate economic growth.
A regional fisheries commission has said the moratorium on shrimp fishing in Maine should remain in effect in 2016, citing dim prospects for the recovery of the shrimp population due to warming waters.
A couple of weeks before the Maine scallop season gets underway, fishermen are struggling to find places to keep their boats.
A Saturday night fire destroyed Acadia Aqua Farms' nearly complete mussel-processing facility in Trenton, but the company plans to rebuild it.
Maine's commercial marine fisheries are the second-most lucrative nationwide for the first time, surpassing Massachusetts with the help of a bump in the value of lobster.
The Taunton Bay Oyster Co. has filed an application with the state for a 10-year aquaculture lease to grow up to 4 million oysters on three sites totaling 23.7 acres in Northern Bay in Penobscot.
Front Street Shipyard in Belfast is partnering with a Norwegian shipyard to market, sell and build carbon-fiber ferries in the United States under the new company name Arcadia Alliance.
The Portland City Council is weighing a controversial proposed hike to the city’s minimum wage.
The proposal would increase the minimum wage from $15.50 per hour to $20 per hour within four years. (The statewide hourly minimum wage is $14.65.)
The proposal does not include a wage hike for tipped workers who are currently paid an hourly wage of $7.75, but employers are required to ensure that wages and tips combined total $15.50 per hour.
While inflation pressures have made it hard to survive on the minimum wage, many business owners are concerned the hike would cut already thin margins.
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Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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